Is Alternative Lending Your Next Best Move?
The alternative lending industry has enjoyed continuous, double-digit growth over the past several years. When will this upward trend plateau? When big banks approve more loans than they decline. In other words – we don’t see the dark at the end of this well-lit tunnel. Even though savvy lenders have already carved out their niche, […]
Pros and Cons of Peer-to-Peer Lending for a Small Business
The world of investing and borrowing hasn’t been immune to change. And peer-to-peer lending is one of the fastest growing trends in the world of finances right now. As more and more people start to question the reliability of traditional banks, many of them turn to alternative ways to make money. And whereas before the […]
The Digital Lending Landscape is Rapidly Changing – Here’s How to Adjust
Innovation is easy for no one. But staying in the comfort zone of outdated interfaces and technologies isn’t an option. With new players entering the lending arena and technology becoming more advanced and accessible, the speed of innovation has to grow as well.
How CaixaBank Improved Profits by Maximizing LTV
CaixaBank operates the largest retail banking footprint in Spain. Due to the high marketplace penetration, the key business challenge for them was sustaining long-term growth. The solution they came up with was their unique Click & Go loan. The product maximizes internal growth potential by targeting current customers with pre-approved, instant credit. As of now, […]
Regulatory Compliance: Updates for Lenders
Remember this time last year? It was all-hands-on-deck for GDPR. Everyone working overtime to resolve a myriad of deployment details. Luckily, we don’t anticipate a regulatory compliance event of that scale in 2019. However, it’s important to understand the impact of the new rules on your individual lending operation, because smaller enterprises may be exempt […]
Digital Lender’s Secret Weapon: Faster, Better Credit Decisions
Digital lenders are rewriting the book when it comes to better credit decisions. They approve more loans, apply more accurate interest rates, and increase portfolio yield – without taking on additional risk.
Digital Lending ROI: Positive Return on Technology Investment
Many lenders, especially credit unions and small local banks, lag behind when it comes to financial technology. It’s a short-sighted business strategy. Cost-benefit analysis shows a positive ROI when
Regulatory Compliance: Checklist for Online Lenders 2019
Alternative lenders tend to push regulatory compliance to the back burner as they prioritize technology trends, marketplace evolution, and threats from new competitors.
Lenders Beware – New Competition from Unusual Directions
There’s rapid-fire change in the lending industry with new competitors emerging on a daily basis. Some of this competition comes from unexpected directions like e-commerce platforms, rideshare apps, and Wall Street giants
Use e-Commerce Intelligence to Improve Online Lending Profitability
At TurnKey Lender we’re always looking for ways to apply outside intelligence to online lending. This week we focus on CRO (conversion rate optimization). It’s considered the holy grail of e-commerce marketing because
TurnKey Lender’s CEO is interviewed by Cloudways
Our friends at Cloudways, a managed cloud hosting platform, have conducted an interview with our CEO, Dmitry Voronenko. Read on to find out about more about our online lending software, the challenges of running an IT company, and about what inspires and drives our CEO.
Decision Automation: How To Augment Predictive Analytics with Human Intelligence
This article examines the perfect combination of automated decisioning with advanced analytics and the human interaction. Let’s start with a simple brainteaser. Take a look at this picture: There is a set of four cards lying on a table. Your task is to verify the rule: “If there’s a vowel written on one side of […]
